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CFPB Orders Missouri Lender to Pay $81,000 for Illegal Kickback Scheme - Blog OnlineEd
(CFPB – WASHINGTON, D.C.) – Today the Consumer Financial Protection Bureau ordered a Missouri mortgage lender, Fidelity Mortgage Corporation, and its former owner and current president, Mark Figert, to pay $81,076 for funneling illegal kickbacks to a bank in exchange for real estate referrals. “Kickbacks harm consumers by hampering fair market competition and by unnecessarily increasing …